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Retirement benefits (Tables)
6 Months Ended
Jun. 30, 2011
Retirement benefits  
Schedule of components of net periodic benefit cost for consolidated HEI

 

 

 

 

Three months ended June 30

 

Six months ended June 30

 

 

 

Pension benefits

 

Other benefits

 

Pension benefits

 

Other benefits

 

(in thousands)

 

2011

 

2010

 

2011

 

2010

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

8,474

 

$

6,772

 

$

1,129

 

$

1,131

 

$

17,039

 

$

13,382

 

$

2,352

 

$

2,219

 

Interest cost

 

14,803

 

14,658

 

2,340

 

2,571

 

29,652

 

29,237

 

4,724

 

5,167

 

Expected return on plan assets

 

(15,352

)

(15,353

)

(2,618

)

(2,728

)

(30,636

)

(30,677

)

(5,226

)

(5,443

)

Amortization of unrecognized transition obligation

 

 

 

(2

)

(2

)

 

 

(4

)

(4

)

Amortization of prior service gain

 

(187

)

(187

)

(312

)

(56

)

(374

)

(374

)

(539

)

(111

)

Recognized actuarial loss

 

4,016

 

1,767

 

37

 

1

 

8,136

 

3,452

 

55

 

4

 

Net periodic benefit cost

 

11,754

 

7,657

 

574

 

917

 

23,817

 

15,020

 

1,362

 

1,832

 

Impact of PUC D&Os

 

(556

)

2,020

 

1,734

 

1,333

 

(2,100

)

5,028

 

2,752

 

2,621

 

Net periodic benefit cost (adjusted for impact of PUC D&Os)

 

$

11,198

 

$

9,677

 

$

2,308

 

$

2,250

 

$

21,717

 

$

20,048

 

$

4,114

 

$

4,453